Tottenham have £200m transfer warchest ready to go in new Daniel Levy update
Daniel Levy has been a controversial figure at Tottenham for many years.
The Spurs owner has a reputation for being a frugal operator, particularly in the transfer market, and supporters often hold that against him.
The Lilywhites have qualified for the Champions League after their Europa League victory and that should loosen the purse strings this summer for Ange Postecoglou or his replacement to spend.
Levy update emerges from Tottenham
Whether Levy opens up the chequebook this summer remains to be seen, but it is expected to be a busy summer in North London.
The Athletic (3 June) have estimated that Spurs have “wiggle-room” of more than £200million for transfers if they want to and will not face Profit and Sustainability issues.
It states that a potential issue may be whether they have the cash to actually spend that much, despite revenues going beyond £500m in the past two seasons.
It is understood that the money that they will receive from being back among the European elite should make their summer a lot more comfortable.
Tottenham must spend this summer
The N17 outfit must keep themselves in a strong position after qualifying for Europe’s top competition after a two-year absence.
To do that and maintain their presence at the elite level, they must buy top-quality players this summer; it is as simple as that.
| Year Ended | June 2024 | June 2023 |
| Match receipts | £105.8million | £117.6million |
| UEFA prize money | £1.3million | £56.2million |
| Commercial & other revenue | £255.2million | £227.7million |
| Total revenue | £528.2million | £549.6million |
Levy cannot afford to operate as he usually does; he must back Postecoglou or a new manager to have a real crack at success next season.
The Spurs squad needs marquee additions, and with a possible £200m available, there is no reason why they cannot compete for some of the best players on the market.
If he fails to invest properly, it will only increase supporters’ anger and lead to further protests against the way that he runs the North London club, despite them ending a 17-year trophy drought.
That is not enough, Tottenham must build on that success, not just lie down and accept it as a rare win.
It will only end one way for Levy, and it will not be the way that he wants.